
Montebello, California 90640
This Mixed-Use Value-Add Asset is strategically positioned at a List Price of $900,000, representing a stable entry point at its $900,000 Fair Market Value. The property offers a unique dual-income structure, featuring a Renovated Residential Unit with granite finishes and a City Lights View alongside a ground-floor commercial space requiring substantial rehabilitation. Despite its Mixed Condition Rating, the high-traffic location and General Commercial Zoning provide significant upside for forced appreciation through interior build-outs. This is an optimal acquisition for Owner-User Investors or Commercial Developers looking to capitalize on a high-visibility corridor.
Property is extensive renovation needed.
The property, built in 1948, presents a mixed condition. While the upstairs residential unit has been 'nicely renovated' with updated kitchen countertops and newer appliances, and features modern flooring and light fixtures in living areas, the downstairs commercial unit is in a state of disrepair. Images show exposed drywall, a gutted kitchen area with old, uninstalled cabinets, and dated commercial bathrooms. This commercial space requires substantial repairs and rehabilitation to be functional, which significantly impacts the overall property condition. The age of the building also suggests potential for older, un-updated major systems.
The property offers both commercial retail/office space on the ground floor and a 2-bedroom, 2-bath residential apartment upstairs, providing diverse income streams or owner-occupancy flexibility.
Situated on busy Beverly Blvd. with excellent street exposure and high traffic, making it ideal for commercial visibility and customer attraction.
Both commercial and residential units feature separate entrances and individual meters for all utilities (Gas, Water, Power), facilitating easy management and tenant separation.
Built in 1948, the property may require ongoing maintenance or potential upgrades to older systems (e.g., plumbing, electrical, HVAC) not explicitly detailed, which could incur future costs.
The lot size of 2548 sqft is relatively small, offering minimal room for future expansion of either the commercial or residential components, or additional parking beyond the existing capacity.
While zoned for general commercial, the description advises buyers to 'Confirm with the City of Montebello' for specific uses, indicating potential complexities or restrictions that require buyer due diligence.
Great mixed-use commercial + residential building with retail/office space on the ground floor with excellent street exposure and excellent signage potential built into the façade of the structure Located on busy Beverly Blvd. and a great upstairs 2 bedroom / 2 bath apartment. Both units have two separate entrances at the front and rear of the two story building and, separate meters for all utilities (Gas, Water and Power). Gated parking at the rear of the property for 4 cars. The 2nd floor is a very nice residential unit for the retail / office owner or occupant or it can be rented out separately to a tenant for extra income. Ground level was previously used as an office space, with a reception desk, a conference room and several sub-divided open workstations or cubicles. The lower office / retail unit also has 2 bathrooms and a full kitchen. Upper unit has a separate entrance from the street and enters into a spacious living room with large windows and a skylight, and has another entrance at the rear of the building also. The upper unit is nicely renovated and has 2 bedrooms and 2 baths with a kitchen and a dining area. The kitchen has been upgraded with granite countertops and newer appliances and the separate laundry room upstairs has a washer & dryer hook ups. The whole property is very secure with cameras, gated windows and doors, private parking for 4+ cars wrought iron automatic gate with an alley entrance. High traffic in a prime location zoned for general commercial welcoming retail, office, medical, food service, etc. Confirm with the City of Montebello. Seller is motivated. Bring offers and let's get this one in escrow..
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,526 | 2,610 | 33% |
| Lot Size | 2,548 | 9,114 | 33% |
| Price | $900.0K | $1.00M | 33% |
| Price per sq ft | $356 | $356 | 50% |
| Built year | 1948 | 1951 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 342 | 260 | 0% |
May 15, 2025
$900,000
Initial Listing
Dec 30, 2021
$699,000
Public Record
Mar 5, 2020
$540,000
Public Record
Aug 14, 2008
$585,000
Public Record
Mar 22, 2004
$459,000
Public Record